SALM vs. PRAY

Last updated Jun 24, 2026

SALM (Salem Media Group, Inc.) is a stock, while PRAY (FIS Biblically Responsible Risk Managed ETF) is Large Cap Blend Equities fund tracking the NONE. Over the past 3 years, SALM returned 1.05%/yr vs 15.13%/yr for PRAY. At a 0.14 correlation, their price movements are largely independent.

Performance

SALM vs. PRAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Salem Media Group, Inc. (SALM) and FIS Biblically Responsible Risk Managed ETF (PRAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SALM achieves a 120.41% return, which is significantly higher than PRAY's 11.78% return.

SALM

• 1D: 1.02%
• 1M: 2.08%
• YTD: 120.41%
• 6M: 103.74%
• 1Y: 8.84%
• 3Y*: 1.05%
• 5Y*: -17.65%
• 10Y*: -14.49%

PRAY

• 1D: -2.24%
• 1M: -0.66%
• YTD: 11.78%
• 6M: 10.55%
• 1Y: 17.05%
• 3Y*: 15.13%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SALM vs. PRAY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SALM Salem Media Group, Inc.	120.41%	-30.16%	61.54%	-62.86%	-69.83%
PRAY FIS Biblically Responsible Risk Managed ETF	11.78%	9.08%	13.02%	20.02%	-12.71%

Correlation

The correlation between SALM and PRAY is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (All Time) Calculated using the full available price history since Feb 8, 2022	0.14

The correlation between SALM and PRAY shifts across timeframes, from 0.05 (3 years) to 0.16 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SALM vs. PRAY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SALM

SALM Risk / Return Rank: 54
SALM Sharpe Ratio Rank: 45
SALM Sortino Ratio Rank: 67
SALM Omega Ratio Rank: 66
SALM Calmar Ratio Rank: 47
SALM Martin Ratio Rank: 45

PRAY

PRAY Risk / Return Rank: 41
PRAY Sharpe Ratio Rank: 38
PRAY Sortino Ratio Rank: 39
PRAY Omega Ratio Rank: 36
PRAY Calmar Ratio Rank: 42
PRAY Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SALM vs. PRAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Salem Media Group, Inc. (SALM) and FIS Biblically Responsible Risk Managed ETF (PRAY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SALM	PRAY	Difference
Sharpe ratio: Return per unit of total volatility	0.06	1.25	-1.19
Sortino ratio: Return per unit of downside risk	1.49	1.87	-0.37
Omega ratio: Gain probability vs. loss probability	1.19	1.22	-0.04
Calmar ratio: Return relative to maximum drawdown	0.14	1.95	-1.80
Martin ratio: Return relative to average drawdown	0.23	8.28	-8.05

SALM vs. PRAY - Sharpe Ratio Comparison

The current SALM Sharpe Ratio is 0.06, which is lower than the PRAY Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of SALM and PRAY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SALM vs. PRAY - Drawdown Comparison

The maximum SALM drawdown since its inception was -99.06%, which is greater than PRAY's maximum drawdown of -21.40%. Use the drawdown chart below to compare losses from any high point for SALM and PRAY.

Drawdown Indicators

	SALM	PRAY	Difference
Max Drawdown Largest peak-to-trough decline	-99.06%	-21.40%	-77.66%
Max Drawdown (1Y) Largest decline over 1 year	-62.24%	-8.80%	-53.44%
Max Drawdown (3Y) Largest decline over 3 years	-82.53%	-17.13%	-65.40%
Max Drawdown (5Y) Largest decline over 5 years	-96.32%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-97.31%	—	—
Current Drawdown Current decline from peak	-94.70%	-3.40%	-91.30%
Average Drawdown Average peak-to-trough decline	-70.56%	-5.38%	-65.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.66%	2.06%	+36.60%

Volatility

SALM vs. PRAY - Volatility Comparison

The current volatility for Salem Media Group, Inc. (SALM) is 4.15%, while FIS Biblically Responsible Risk Managed ETF (PRAY) has a volatility of 5.79%. This indicates that SALM experiences smaller price fluctuations and is considered to be less risky than PRAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SALM	PRAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	5.79%	-1.64%
Volatility (6M) Calculated over the trailing 6-month period	94.63%	11.67%	+82.96%
Volatility (1Y) Calculated over the trailing 1-year period	138.92%	13.67%	+125.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	185.18%	16.11%	+169.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	144.61%	16.11%	+128.50%

Dividends

SALM vs. PRAY - Dividend Comparison

SALM has not paid dividends to shareholders, while PRAY's dividend yield for the trailing twelve months is around 0.62%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRAY FIS Biblically Responsible Risk Managed ETF	0.62%	0.69%	0.76%	0.83%	1.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SALM Salem Media Group, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.40%	15.28%	12.44%	5.78%	4.16%	5.22%

Frequently Asked Questions

Can I hold both SALM and PRAY in my portfolio?

SALM and PRAY have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SALM or PRAY?

PRAY has higher volatility (5.79%) compared to SALM (4.15%). In terms of maximum drawdown, SALM dropped -99.06% vs PRAY's -21.40%.

Which has better risk-adjusted returns?

PRAY currently has the higher Sharpe Ratio (1.25 vs 0.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.